Health Center Facility Loan Guarantee Program Update

The HRSA Health Center Facility Loan Guarantee Program (LGP) facilitates access to capital funding and reduces financing costs for health centers by guaranteeing up to 80 percent of a loan. With interest at an all-time high, HRSA is working to streamline and reintroduce the program to eligible health centers. Earlier this year, the first loan guarantee was issued since the release of the LGP Instructions in early 2020. Grace Community Health Center (Corbin, KY) recently converted an old bowling alley into a state-of-the-art women’s health care facility. With the approval of a HRSA loan guarantee, Grace Community Health Center secured favorable financing terms for the new service site with double the exam rooms, improved workspaces, and increased staff capacity. They anticipate serving an additional 2,000 patients because of the project. Visit the LGP webpage for information and resources.